Question
Reed Co.'s 20X1 Statement of Cash Flows reported cash provided from operating activities of $400,000. For 20X1, the depreciation of equipment was $190,000, the amortization
Reed Co.'s 20X1 Statement of Cash Flows reported cash provided from operating activities of $400,000. For 20X1, the depreciation of equipment was $190,000, the amortization of goodwill was $5,000, and dividends paid on common stock were $100,000. In Reed's 20X1 Statement of Cash Flows, what amount was reported as net income?
| A. $105,000 | |
| B. $205,000 | |
| C. $305,000 | |
| D. $595,000 |
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Management Accounting
Authors: Late RC Sekhar, AV Rajagopalan
1st Edition
195683609, 978-0195683608
